
#280 – Replacing Yourself as CEO, Living on a Boat, and Crowdfunding to Survive with Alex MacCaw of Reflect
Indie Hackers
How to Raise Money for a Startup
I don't think enough people understand crowdfunding and what has changed fundamentally. Once you've raised a fair amount of VC capital you've just signed away your business eventually. Crowdfunding changes the game. There's two really good platforms for this. We fund it in Republic. They will handle all the advent for you. You can raise up to I think it's 5 million a year if you don't want to go through all the audit requirements or so forth. So we just ended up raising a million dollars and we raised from our customers. We raised it in I think a month maybe. It was very straightforward. The founders are basically right now working for free because they're not going to make
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